Japan Technical And Vocational Education Market Size & Outlook
Japan technical and vocational education market, 2018-2030 (US$M)
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Japan technical and vocational education market highlights
- The Japan technical and vocational education market generated a revenue of USD 34,449.9 million in 2023 and is expected to reach USD 70,589.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2023.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
Technical and vocational education market data book summary
| Market revenue in 2023 | USD 34,449.9 million |
| Market revenue in 2030 | USD 70,589.2 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, Japan accounted for 4.6% of the global technical and vocational education market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 116,521.2 million by 2030.
Stem was the largest segment with a revenue share of 81.26% in 2024. Horizon Databook has segmented the Japan technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Japan's aging population and declining birth rate have engendered the demand for a skilled workforce to sustain economic productivity. In addition, the government of Japan promotes vocational education through the "Vocational Abilities Development Promotion Act” and various funding programs to enhance vocational training facilities.
Moreover, there is a high demand for skilled labor in various sectors across the country, such as healthcare, manufacturing, technology, and services. Vocational education programs are designed to meet these specific industry needs. Thus, the above factors collectively drive the growth of the TVE market in Japan.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan technical and vocational education market size, by course type, 2018-2030 (US$M)
Japan Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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